3271 Us-20, Elgin, IL 60124

This exceptional 4.5-acre site in Elgin, Illinois, presents a unique investment opportunity. Located at 3271 US-20, Kane County, (APN: 06-18-225-004, 06-18-225-005, zip code 60124), the property is zoned for Multi-Family PAB and is approved for assisted living development. The city of Elgin strongly prefers multi-family development for this location. Significant site improvements totaling nearly $2 million have already been completed, including a storm water catch basin and retention pond, road access, signage, sanitation sewer and water connections, sidewalks, curbs, grading, black dirt removal, and landscaping. Preliminary plans for a 64-unit townhome development are available. The seller is willing to assist with project completion, and permits can be obtained within 60-90 days. Construction is estimated to take 16-18 months. This turnkey opportunity offers significant potential for investors seeking a fast-track project with substantial infrastructure already in place. The property's location and zoning make it ideal for a variety of multi-family developments, including the highly desirable assisted living facility. Don't miss this chance to acquire a fully prepared site ready for immediate development.